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20100122
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was a part of the federal reserve board. and then chairman of it when the economic crisis hit us and devastated us financially and economically. he did not warn against that. >> scott brown's upset win tuesday for ted kennedy's senate seat in massachusetts isn't helping bernanke. brown rode a wave of populist anger opposing bank bail-outs along with healthcare reform. votes count more in this fight. critics plan to filibuster. it will take 60 votes to break it. senate sources say that as of today, bernanke still appeared to have more than 60 yes votes. >> he did do a very, very good job during the rescue efforts. which could have led, if they didn't happen, to the great depression. so i'm supportive of bernanke but will continue to be a strong critic of the fed in areas where i disagree. >> now supporters believe that at the end of the day, bernanke will be reconfirmed, because if not, it could rock financial markets by creating new uncertainty. that is one reason why one democrat mary landrieu of louisiana, announced late this afternoon, she will support his renomination. bret?
will be touring businesses, holding a town hall meeting. let's get to caroline shaifly at the white house for us. caroline, important to note, president's message in ohio today is about jobs. it is not about health care. >> reporter: exactly right, jane, the white house really seems to be trying to pivot off of health care and on to the economy. they want to leave health care behind because they've gotten so much bad news recently, losing the senate race up in massachusetts. also, nancy pelosi saying look, the house is not going to pass this senate bill. the president is going -- has been reading the polls, he knows what americans are focused on now and that is jobs. that is certainly what folks in ohio want to hear and across the country, how are jobs going to be making a difference now. jane: is there a reason they chose ohio? >> reporter: ohio is an interesting choice. you spoke about the unemployment nuts, ten-point # percent in december, that's a in your opinion from november when they were at 10.6%, it is going to be maybe a tough sell, talking northern ohio outside of cleveland, out of wo
break this into pieces and use a loophole as we know, we've been over this for about a year now, reconciliation and pass the tougher parts into the senate. you just need 51 votes and i'm not sure they would get the 51. anthony wiener again providing, i believe, the quote of the day. he said the president would let us know what he wants us to do but we don't have that benefit yet. >> yeah. >> and the senate doesn't want to start over. and the white house isn't telling them how to fix it. and you know what? i think a number of members of congress on the democrat side actually heard what happened in massachusetts. for instance, representative gerald connely, a virginia democrat said yesterday "was the bill" regarding health care" too ambitious for an anxious public? there is evidence the answer is yes." congressman by the name of raul grajalva said the senate bill is a recipe for disaster down the line. there are too many elements of the bill that make no sense for me to cast my vote. >> interesting to have a crystal ball and see whether or not we end up with any kind of health ca
issued today by the u.s. supreme court. "special report" starts right now. ♪ >> bret: the speaker of the house today officially threw dirt on the healthcare plan that was unofficially killed in tuesday's election of massachusetts republican scott brown to the senate. chief washington correspondent jim angle starts off tonight's broadcast with an obituary. >> reporter: this was only one hope to keep the democratic health proposal alive, have the house pass the senate bill to keep the reform package moving but today, speaker nancy pelosi declared that effort dead. >> in its present form without any change, i don't think it's possible to pass the senate bill in the house. >> reporter: she said fundamentals a pectss are unacceptable to the house democrats and that the senate is unable to rewrite the bill, there is no way to undertake the fill reform effort. >> there isn't a market right now for proceeding with the full bill unless changes are made in the senate. >> pelosi who had been pushing the reform at full speed now says we're not in a big rush. that democrats need to pause and s
: meantime the unemployment rate in lorraine county, ohio is 9.5%. in the u.s. as a whole jobless numbers rose throughout last year. in january of last year it was 7.7%. eric of the fox business network joins us live. now we are talking about the president will call this stimulus two. stimulus one. it didn't work all that way. >> reporter: may have been the best original stimulus. we do this all the time. this is the government's website. here are the numbers. 640,000 jobs created. this is it. 413,693 for jobs. this is what happens. this is what happens when you let government get involved in creating jobs. if you want to put another 170 billion. trace: creating government jobs. they need to create other jobs. all these jobs that are created by the stimulus, they are creating mostly government jobs. the critics will say they need to create private-sector jobs. >> reporter: a lot of waste and fraud with the whole process. look at this. we don't need more money. still $522 billion of unspent money from recovery stimulus. plenty of money. we just don't know how to create a job that last. the
Search Results 0 to 4 of about 5